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Search Results 0 to 33 of about 34 (some duplicates have been removed)
about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you
and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report th
ceiling increase where they can demand things in return for obama needing a debt ceiling increase, since he's planning on driving another $8 trillion the next decade, and the continuing resolution, because the democrats in the senate don't pass budgets anymore, we do a continuing resolution. those two tools can help you both cut spending and deal with further tax reform. those weren't given up. the budget -- you know, not everybody liked plan b. we didn't endorse it. but it didn't violate the pledge that republicans felt they could go. >> you gave them cover to be able to vote for it and say, look, grover's not mad at me. >> i'm terribly reasonable. >> well, you do come and talk to us about it, which we appreciate. grover, here's the thing. you say it's not a pledge to you and to americans for tax reform, it's a pledge to stilts. but constituents don't have the money you have to go out and actually do something if somebody breaks that pledge. now, there are many congressmen who have done things wrong, they've said to their stilts they'll do something and their constituents throw them out
is rolled back obama initiatives, cut spending. a lot that the debt ceiling should not be increased under a circumstances where they feel like i was a failure. but they basically believe their job is first to obstruct barack obama and once there is a republican president in place to pass this initiatives that create better business climate. more and more deregulation committee funding of programs that have never quite been near and dear to them. i think they do believe -- of course to fast-forward a bit about the debt ceiling fiasco of 2011, but after the summer we were taken to the brink of a fiscal cliff, one we are about to see it it can come in to thinking part of the house republican leadership was maybe her tea party freshman will go home, get yelled at by constituents and they'll realize this compromise is not such a bad thing. the opposite occurred. he went home and people go to town halls tend to be the activists of their party and those people tend to be tea party and everyone screaming, why did you accept a deal? you said you would not under any circumstances read the debt ceil
's not forget last year's debt ceiling debacle, which president obama has vowed never to repeat. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. >> won't play that game. never done in history. will the president stick to that and not allow another debacle, a debacle, if we want to be british or american, of the debt ceiling vote to be tied to budget cuts like it was last time around? >> whether it's a debacle or a debacle. we'll find out very, very quickly. the president is standing his ground so far, he is saying that he is not going to compromise on what was essentially a very central issue in the campaign. that is, are we going to see bush tax cuts continue for people who are richer than $250,000 and, you know, the republicans in congress, as you recall, last week, they said that they will not vote a tax increase, even on millionaires. house republicans have b
on plan a, a $4 trillion debt deal, and after the failure of speaker john boehner's plan b mr. obama has taken the initiative to bring plan c to the meeting today. >> this is not for show. this is a last ditch effort by the president to bring the congressional leaders together to try and get at least a small package, small deal together, before the new year to avoid some of the tax parts of the fiscal cliff and to deal with some of the unexcept issues. >> reporter: that package first unveiled by the president last friday before left for hawaii is a slimmed down bill that would focus on three key areas, keeping tax cuts only for those making $250,000 a year or less, extending unemployment benefits and with the clock ticking it would delay dramatic spending cut until later next year. >> i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. >> reporter: after the meeting the
percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a rough year with two shootings on campus. >>> the russian president signed a law banning americans from adopting russian children. a law that people say is heartbreaking and punishes no one but the children. one family says he just signed a death notice for thousands of orphans in his country. >> reporter: you may have heard of her, she won three gold medals and a bronze in this past summer's paraolympic games in london. reaching goals she would have never reached if she had not been adopted at age 6 by her mother deborah. >> she did not have a
of the aisle? >> oh, absolutely, particularly if republicans feel they got rolled on this. the debt ceiling is the big leverage they hold on this entire debate. we've heard president obama say he's not going to play the same game he played in 2011 saying they got taken as hostages in a situation and debate that ends up hurting the u.s. economy. president obama says he doesn't want to do that again and it will be interesting to see how he maneuvers because congress will end upholding a vote and saying that congress no longer has the power on raising the debt limit. that remains to be seen and it will be interesting to see what president obama says when he's asked a question like that. >> mark, we'll come back to you later. joining me also from d.c., david nabbing murrah of "the washington post. this won't be confusing at all. >> no way. >> david nakamura, we'll start with you. a lot of talk about progress in the last 24 hours. as an example, let me quote "the new york times." i have a positive feeling now. this is senator kay bailey hutchison, republican of texas who said a burst of a deal t
is rollback obama initiatives to cut spending. a lot of them thought the debt ceiling should not be increased under any circumstances and to that degree feel like i was. they basically believe their job is to obstruct barack obama and once there is a republican president in place from the two pass this initiative secreted better business climate, more and more deregulation committee funding of programs that have never quite been near and dear to them. of course to flash forward a day, i suspect we'll talk about the debt ceiling fiasco of 2011. after that summer undertaken to the brink of a fiscal cliff, the thinking on the house republican leader ship is maybe a tea party freshmen will go homehome, get yelled at by constituents and realize maybe compromise is not such a bad thing. they went home and the people who put at town halls tend to be that this is their party and those people tend to be tea party and they said why did video? you said you would not under any circumstances raise the debt ceiling. at best there's mixed messages and a great likelihood it will be a while before we see mode
. we are in the gully. $16.4 trillion of debt on top of us and obama says let's add 4 or are 5 trillion more. we have gone over the cliff already. >> sean: thank you both on what we are are calling america on the brink. the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much we will get to that and much let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this i
reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs, cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that they could that t
. >> i don't think president obama will do anything. he's they are doing that to themselves. to americans it is bigger than that. we saw the debt limit fight last summer and fiscal cliff is the first and last chapters in a book that spells the end of the modern republican party. i would say listen, the debt limit last summer was the first time the teparty control house to push us in economic ruin and they were. they lost in november . yet there are members was john bone bone's party that are willing to double down on mistakes and push us again. >> you are ready to jump out of your skin. is that what is happenoglet hill? >> not at all. what we are dealing with is a deal over tax rates. republicans are trying to save ax mayers from taxes rises . next year. president loses his leverage over tax rates which he call would date. we'll fight for spending cuts and entitlement reform. that is it price of debt ceiling and getting rid of sequestration issues . we'll have leverage. democratics need to be carriful about the overcreate. they have leverage and that goes away next year . >> whatif there
is constructive and i think it moved us forward. well see. >>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader mcconnell agreed to spend the weekend working on plan that will be able to pass both chambers of congress. in assessing the impact of the cuts we relied on the study from george mason university taking a broad look at where the cuts would come. drill down into specifics we call head start program. we called health care centers and laboratories and anybody who would rely on federal money this might be cut and what we were told universally is that nobody really had an idea of which programs would be cut and which programs would be spared. they are all waiting for the word from congress. like the rest of us. 7 news. >> and we wait. warning tonight from pg&e. utility is sending out tweet right now warning people that a man with hispanic
-dunk for republicans. one of the reasons we are at this clip is that the republican resolution of the debt crisis in august 2011 was under the tacit assumption that they would control the white house, so who cares about everything stacked against them? i think the main cause was obama ran an absolutely brilliant campaign. republicans had a very weak field, and mitt romney was the best of a very weak field, and he himself was an odd candidate, given after the financial crisis, a man essentially of wall street, and also a man who was -- an essential issue of the 2010 campaign where republicans have succeeded was obamacare, but he had passed something similar in massachusetts. he had two strikes against him which made it really difficult to win. >> i think obama won because republicans underestimated him, and they did it through a little self delusion that goes back to 2010 when they considered it to be a referendum on barack obama. it was not a referendum on barack obama. it was a referendum on the economy and the incumbent, but not barack obama the person. republicans thought it would be a slam-du
fight over the debt ceiling again next month. >> okay. we'll look forward to that one. david gregory. you can watch david's exclusive interview of course with president obama in its entirety tomorrow morning right here on "meet the press." >>> the senate has managed to get something passed. a recovery package to help pay for reconstruction after hurricane sandy. the bill provides more than $60 billion to help areas devastated by the storm but it is not a done deal just yet. the house still has to vote on the package. >>> and now to the other big story we're following, another winter blast moving through the northeast tonight bringing up to a foot of snow in some places. the weather channel's julie martin is at laguardia airport here in new york. julie, good evening. >> reporter: good evening, kate. well, another winter storm for thousands of travelers making their way home from the christmas holiday to ring in the new year. today a winter storm moved quickly northeast dumping snow from the ohio valley up through parts of new england. the storm did not bring with it blockbuster snowfa
were dealing with the debt ceiling issue the first time around. and we dealt it with it in the last election. and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been around for a few years and i've seen this coming since 1970. when revenue -- when wages did not go up, revenue doesn't come into the government. and when we constantly spend and promote money, shipment overseas, shipment job overseas, and we blame people like me on social security, you know we're elite on systems. excuse my language. host: david, we're going to leave it there. joseph rosenberg. guest: it is true right now that tax collections are at near historic low but that largely remai
obama refuses to negotiate. he thinks the public is behind them. so i think that's the huge danger that nobody is focusing on right now is the debt limit. that is not part of the discussions and that means we're going to go through this all again in 60 days and 90 days. >> and tim said we're already at the limit. do we have 60 days? >> we do. the treasury can pursue extraordinary measures. it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling. thank you. up next, the nra's response to gun violence? what else, more guns. the new battle over gun violence with chris matthews. you're watching "hardball" the place for politics. >> welcome back to hardball. the tragic sch
obama. mr. boehner said he wanted to deal along the lines what the two men had negotiated, summer of 2011, in the fight over raising the debt ceiling. "you missed your opportunity on that," the president told him. cold. but what we know right now, what we know from that is that john boehner wishes he could go back in time, get in the time machine, go back to 2011, and get the deal that president obama offered him then. mr. boehner wants another bite at that 2011 deal, because back then, the president was offering to stop at $800 billion in new taxes. my prediction here right now is that in a few weeks or a few months, republicans are going to wish they could go back to 2012, right now, and get the deal president obama offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cu
the debt ceiling and with some of boehner's closest allies had met in the speaker's office and said to him, john if you come back with the deal, that you fashioned with obama this doesn't get more than say 100 votes or so and the republicans, cancer has cantor has started a whispered campaign and you are going to be -- we saw it happen with speaker gingrich and it can happen here. boehner walked away from a deal shortly after that. >> i want to come to the interplay between the leadership on the republican side in in a second but i have to ask this based on what you said. i think you know the president gave what was initially an off the record interview to the "des moines register" editorial board, speaking although he did not get the endorsement of that paper in one of the things he said in the interview was he believed he could get a grand bargain struck on the debt ceiling if he were reelected on november 6. a son what you're saying they may not be possible if if the freshman and now sophomores and many members who come and don't eventually give a nether blessing to cut a deal. in her m
. the debt ceiling is almost guaranteed not to be in this deal and that's something that i thought would be initially and something president obama pushed for. now we have the same scenario in february again and this is very exhausting to americans to see this deadline pressure in washington. >> blake, do this quickly for me, here. we are kicking the can down the road. just how far down the road is it being kicked in this deal? >> what perry said is exactly right and another reason why progressives should be concerned which is why we're dealing with the debt ceiling again and we just showed i haved why from bob corker and the senator from tennessee talking and he said we'll get the spending cuts in january when the debt ceiling comes up and if you're progressive, we'll have the big spending cuts conversation, which is medicare, medicaid on the table and some of the tax stuff may have been taken care of. >> we're getting close to the top of the hour and the big three coming up with the best and worst of the week. you'll want to hear this next. ke a giant... ♪ and feel like a green giant
a similar debate in 2011 when we were dealing with the debt ceiling issue the first time around. and we dealt it with it in the last election. and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been around for a few years and i've seen this coming since 1970. when revenue -- when wages did not go up, revenue doesn't come into the government. and when we constantly spend and promote money, shipment overseas, shipment job overseas, and we blame people like me on social security, you know we're elite on systems. excuse my language. host: david, we're going to leave it there. joseph rosenberg. guest: it is true right now that tax collections are at near histor
Search Results 0 to 33 of about 34 (some duplicates have been removed)